Farmland Partners Inc. with ticker code (FPI) have now 5 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 16 and 12 calculating the average target price we see 14. Given that the stocks previous close was at 14.83 this would indicate that there is a downside of -5.6%. The 50 day MA is 13.32 and the 200 moving average now moves to 12.32. The company has a market capitalisation of $705m. Company Website: https://www.farmlandpartners.com
The potential market cap would be $666m based on the market concensus.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
